Ep&T Global Limited: FY23 Annual Results

Ep&T Global Limited’s (ASX: EPX) fiscal year 2023 results showcase a robust financial performance. Their Annual Recurring Revenue (ARR1) stands at AU$11.7 million, nearly hitting their operational cash flow breakeven goal of AU$12.2 million. Impressively, 89% of their revenue remains recurring, consistent with the previous fiscal year. The company also boasts a substantial unbilled contract value of AU$42.9 million, with an average unexpired contract term of 3 years, promising a stream of future revenue. Ep&T Global Limited made significant strides in optimizing their operational cost base, realizing savings of AU$1.3 million. Furthermore, they've streamlined their new project installation process, reducing lead times.

Notably, their statutory revenue surged by 50%, equivalent to an AU$10.6 million increase. Recurring revenue also saw a substantial boost of AU$11.7 million, while the Annual Contracted Value soared by an impressive AU$14.4 million. Most importantly, the company reduced its underlying EBITDA loss by a substantial AU$4.9 million. Ep&T Global Limited continues to place a strong emphasis on recurring revenue streams, solidifying their position in the market. Overall, FY23 reflects a year of remarkable growth and operational enhancements for the company.

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